The following article projecting Canadian Federal debt and deficits as a fraction of GDP appeared in Feb 2010 here. I want to keep tabs, remember the forecasts, so that we might check their math later.
The implicit assumption is a non-correlation of government fiscal policy and GDP growth (or contraction). Another is that the maximum error they could have in their projections is +/- 1% of GDP growth. Boy, they must be good! Bow to the economic masters of the universe! Can you tell I am skeptical?
So, let’s just keep score, shall we? We’ll revisit this page in a year or two. Here comes QE2 down south….